Alphabet (GOOGL) PT Raised to $3,450 at JPMorgan
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Go back to Alphabet (GOOGL) PT Raised to $3,450 at JPMorgan
February 2, 2022 8:09 AM EST
Jefferies analyst Brent Thill raised the price target on Alphabet (NASDAQ: GOOGL) to $3,600.00 (from $3,500.00) while maintaining a Buy rating following earnings.
The analyst commented, "GOOGL's massive and diverse audience reach, combined with an expanding & innovative portfolio of ad formats, drove another... More
February 2, 2022 5:10 AM EST
Alphabet (NASDAQ: GOOGL) reported Q4 earnings and revenue numbers that beat analyst consensus, sending the companys shares up more than 9% in extended trading.
In the fourth quarter, Alphabet reported EPS of $30.69, topping the consensus estimates of $27.34, according to Refinitiv. Revenue came in at $75.33 billion, compared to $72.17 billion.
Youtube advertising revenue stood at $8.63 billion, missing the $8.87 consensus. Reported revenue for Google Cloud was $5.54 billion, vs $5.47 billion, while traffic acquisition costs (TAC) amounted to $13.43 billion, compared to the consensus of $12.84 billion.
The revenue growth in Alphabet totaled 32%, indicating the tech giants stability and... More
